Profitability of the topline cement universe is expected to increase 16 percent year-on-year (YoY) to Rs32.4 billion in 1QFY27 from Rs27.8 billion in 1QFY26, according to Topline Research. The research house expects sector profitability to increase 16 percent quarter-on-quarter (QoQ) as well. The YoY increase is primarily attributed to higher net sales amid increased retention prices, while the
Taxpayers declaring foreign income are facing serious difficulties in filing their income tax returns for tax year 2026, as the Federal Board of Revenue’s (FBR) IRIS portal no longer offers the option to apply reduced tax rates on such income. M. Amayed Ashfaq Tola, President Tola Associates told Business Recorder here on Thursday that the “Attribute” tab, which was available in last year’s ret
Foreign investors have strongly emphasised the need for a streamlined and time-bound exemption certificate process for foreign investors seeking registration of foreign-held shares acquisitions in Pakistan and cross-border share transactions involving Pakistani assets. The Federal Board of Revenue (FBR) should immediately issue necessary clarification to remove apprehensions of the foreign inve
In its daily review the government on Thursday increased the petroleum prices for October 9. According to an official notification, the price of petrol has been increased by Rs2.31 to Rs398.96 per litre. Similarly, the price of High-Speed Diesel (HSD) has also been increased by 78 paise to Rs395.72 per litre. During last seven days, the average refined petrol price has been increased to USD
Gold firmed on Friday as a softer US dollar and easing Treasury yields boosted bullion’s appeal, while market players weighed lingering inflation concerns and the outlook for Federal Reserve interest rates. Spot gold rose 0.9% to $4,169.32 per ounce by 0137 GMT after hitting a two-month low on Wednesday. US gold futures gained 0.9% to $4,194.40. The dollar rally took a breather, making g